Sunday, December 1, 2019

US / China Trade Negotiation Is Coming To A Head

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Oct 25, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

China wants the U.S. to scrap tariffs imposed since 2018, with a December 15 deadline looming on a 15 percent tariff hike on "another $160 billion of goods."  But the two sides can't even agree on where a deal signing should take place.  I have no idea what will happen but without a deal indices very likely sell-off.

SGS advanced last week, confirming all-time highs for DJI, SPX, NAZ, OEX, and NDX.  That is bullish and signals the rally very likely continues if a trade deal is reached with China.

Support and resistance levels for SPX for this week are show above.

My Plan

SGS-ST changed its status to neutral on Tuesday. I closed my one position in SPXL. I'm watching SGS-ST.

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.